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202 Lakeridge Way San Ramon, CA 94582

3 Beds 3 Baths 2,044 sqft Built 1988

$1,095,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $535.71
  • 2 Days on Market
  • MLS # : BE40931206
  • Updated Date : 12/05/2020 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,044 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass

Listing Agent's Description

Fabulous updated detached lakeview home in beautiful Canyon Lakes! Light, bright and open floor plan with loads of natural light, contemporary lines and great location - just steps from the lake, with fabulous lake views from master suite! All new laminate wood-style flooring, fresh interior paint, updated lighting, landscaping and much more. Beautifully updated kitchen with granite counters, recessed lighting, open to breakfast area and family room, with french doors to back yard. Gorgeous dining room with volume ceilings, wainscot, adjacent living room with bar area and sliding glass doors to darling side patio. Spacious master suite with double door entry and a view that will take your breath away! Master bathroom features double sink vanity, separate soaking tub, shower and large walk-in closet. Inside laundry, 2-car garage and private yard. Just steps from community pool, lakeside patio and meandering paths to explore. Fabulous home - fabulous location - it's a 10!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $273k1078k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Canyon Lakes

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2180020002200240026002800300032003400360038004000Rent in $16714044

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Golden View Elementary School Primary Regular 670 28 10
Iron Horse Middle School Middle Regular 1,074 42 9
California High School High Regular 2,639 107 10

Golden View Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 28
10
GreatSchools Rating

Iron Horse Middle School

  • Education Level: Middle
  • # of students: 1,074
  • # of teachers: 42
9
GreatSchools Rating

California High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 107
10
GreatSchools Rating
 

$985,500$1,204,500$1,095,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$4,040
Property Tax -$1,176
Property Insurance -$76
HOA -$225
Property Management Fees -$184
CASH FLOW
-$1,951

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,095,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.09%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$295,925

INVESTMENT

$295,925

Down Payment
$273,750
Rehab Estimate
$5,750
Closing Costs
$16,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,040

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $273,750
Loan Amount $821,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$98

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,751

    COMP ESTIMATED VALUE
  • $1.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1003$3,5904$3,8005$3,950
$3,950
RENT COMPS ANALYSIS
  • 202 Lakeridge Way San Ramon, CA 1
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3065 Lakemont Dr 5 San Ramon, CA 2
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1987
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.60
    •  
  • 232 Lakeridge Way San Ramon, CA 3
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1989
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.76
    •  
  • 4081 W Lakeshore Drive San Ramon, CA 4
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 1990
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $2.00
    •  
  • 5070 E Lakeshore Dr San Ramon, CA 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1989
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.98
    •  
PROPERTY LISTING DETAILS
Tracy Pisenti
Compass
BESbswy